NEW YORK, Aug 2 (Reuters) - Dover Corp (DOV.N) said on Thursday that its board approved the buyback of approximately $500 million of common stock.
The company said the program authorizes the repurchase of 10 million shares or approximately 5 percent of its outstanding shares.
Dover also said it increased its quarterly cash dividend to 20 cents per share from the previous 18.5 cents per share. (Reporting by Nicole Maestri)
WASHINGTON (Reuters) - The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.
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